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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $175.47
- 3 Days on Market
- MLS # : 20-2637
- Updated Date : 11/20/2020 at 12:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,593 sqft
- Baths : 2 full , 1 half
Listing Agent
Heritage Moultray Real Estate Serv
Listing Agent's Description
Located in the desirable neighborhood of Cottonwood Grove sits this wonderful home! From the exterior, you will be drawn in by the great curb appeal. Stepping inside onto the beautiful hardwood floors, your eye will be immediately drawn to the massively high ceilings and cozy fireplace in the living room. The living room provides an extra large space to enjoy and is open to the kitchen, providing a great environment for entertaining. The kitchen has great counter space and storage and is a perfect space to enjoy cooking your favorite meals. The master bedroom and en suite bath is located on the main level. Off the entry is a formal dining room/lounge room and also a large bonus room with high ceilings. The upper level features an upper loft sitting area, 3 bedrooms and 3rd bathroom.
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PRICE & RENT TRENDS
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 98908
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,821 |
| EXPENSES | Loan Payment | -$1,679 |
| Property Tax | -$352 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$109 | |
|
CASH FLOW
-$398
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$455,000
PROJECTED PRICE
$1,821
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$126,325
LOAN DETAILS
$1,679
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
0.92
YEARS SAVED
$1,940
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,821
LIST RENT -
$0.7
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
8606 Westbrook Ave Yakima, WA
- 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,821
- $0.70
PROPERTY LISTING DETAILS
1.509.833.1250
Heritage Moultray Real Estate Serv
